The RSI Signal indicator plots buy\sell arrows when RSI crosses the overbought\oversold levels. It produces high probability reversals signals.
It also alerts you when a signal is taking place.
as requested by Bossxero,
the indicator is attached.
its great... simple but useful, thanks for sharing.
check your second attachment file..I think it has problem..
anyway thanks for sharing....
I use value 50 as my system entry confirmation, Buy if RSI above 50/sell if RSI below 50, thus I set the over bought 49 and over sold 50, and the indy just work anyway.
I thought it might be useful if anybody has the changing color of RSI line; green if above 50 and red if below 50, or additionally set different color to level 20/30 and 70/80
thanks good effort keep it up
recommend the most succefull intervals to use for rsi ?
do u prefer 30 m for usd jpy ? same for eurusd?
You can also use the THANKS button
Seems to be very useful and accurate. Thanks for sharing
Thank for Sharing...good info..